Biogen Inc.Long
BIIB: falling wedge pattern developing?
Remains a very risky trade.
A falling wedge pattern might be developing. The break usually occurs to the upside.
Above 190.00 supports a bullish trend direction. Crossing below this level will negate the positive stance.
Further bullish support for a price action above 197.50.
Consolidation is between 193.75 and 201.25. Crossing above 201.25 might target 212.75.
Crossing below 193.75 will be the fist sign of weakness in the stock.
A falling wedge pattern might be developing. The break usually occurs to the upside.
Above 190.00 supports a bullish trend direction. Crossing below this level will negate the positive stance.
Further bullish support for a price action above 197.50.
Consolidation is between 193.75 and 201.25. Crossing above 201.25 might target 212.75.
Crossing below 193.75 will be the fist sign of weakness in the stock.
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